Steese Area Volunteer Fire Department Inc

Analysis

Steese Area Volunteer Fire Department Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Steese Area Volunteer Fire Department Inc reported income of $2.4m and spending of $2.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.4m (+22%), an average of +5.0% a year. Over the whole period it spent 95% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Steese Area Volunteer Fire Department Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within AK. Charities of a similar size with the same main cause include National Center for Healthy Housing Inc ($2.4m), West Virginia Ems Technical Support Network Inc ($2.4m) and Fire Safe Marin ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $193k (9.5% of expenses). Other salaries and wages came to $606k. At year end it held assets of $1.4m against liabilities of $120k, net assets of $1.2m. It reported 31 employees.